- Trevali (TV) has announced a trading halt for its common shares on the TSX
- The news follows the company’s filing for protection under the Companies’ Creditors Arrangement Act (CCAA)
- A comeback hearing regarding the initial order under the CCAA is scheduled for Monday, August 29, 2022
- Trevali may cease to be a public issuer depending on its ability to cover its debt and the investigation into flooding deaths at its Perkoa Mine in Burkina Faso
- Trevali is a global base-metals mining company focused on zinc and lead
- Trevali (TV) shares were halted from trading at $0.205 per share due to its filing for creditor protection
Trevali (TV) has announced a trading halt for its common shares on the TSX.
The news follows the company’s filing for protection under the CCAA.
It expects trading to be halted on the Lima Stock Exchange, OTCQX and Frankfurt Stock Exchange.
The filing may result in Trevali’s shares being delisted from these exchanges in due course.
A comeback hearing regarding the initial order under the CCAA is scheduled for Monday, August 29, 2022.
The company is also announcing that Nick Popovic and Aline Cote have resigned from its board of directors.
In addition, Trevali is confirming that a manager at its Perkoa Mine in Burkina Faso, and a manager from Byrnecut, its mining contractor, have been detained by authorities pending a trial regarding recent flooding at the mine that resulted in the deaths of eight workers.
Charges have also been filed against Nantou Mining, Perkoa’s operator and Trevali’s 90-per-cent owned subsidiary.
The company and its legal team are actively working toward the release of the detained individuals.
Trevali is a global base-metals mining company focused primarily on zinc and lead concentrate production.
Trevali (TV) shares were halted from trading at $0.205 per share due to its filing for creditor protection.